Bruce the Stock Guy
14 years ago
Silver Quest Commences Drilling at Capoose Project, BC
Benzinga Staff
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Posted on 06/15/10 at 8:06am by Benzinga Staff
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to announce that the 2010 Exploration and Drill program has commenced at the Capoose Project ("Capoose"). Capoose is located 185 km southwest of Prince George, in central British Columbia. The property is 25 km northwest of Silver Quest's Davidson Project and 30 km north of Silver Quest's 3Ts property. For more information on these properties please visit Silver Quest's website at www.silverquest.ca.
Silver Quest is planning an extensive drill program consisting of approximately 35 drill holes and over 10,000 metres of drilling. Drill holes have been planned to expand upon Silver Quest's current NI 43-101 Inferred Resource of 1.32 million ounces of gold equivalent or 53 million tonnes at a grade of 0.77 g/t gold equivalent. Drill holes will be oriented in a grid pattern at regular intervals to test the extent of mineralization in the central, untested portion of the deposit area and to test the area to the south of the known deposit. Two diamond drills have been mobilized to the project, and drilling will commence tomorrow. Silver Quest anticipates that drilling will continue at Capoose until mid-August, with assay results being released throughout the program.
Silver Quest will be using Eco Tech Laboratory in Kamloops, BC, an International Standard ISO 9001:2000-certified laboratory to analyze and assay all samples from the Capoose project this year. Diamond drilling is being carried out by Driftwood Diamond Drilling Ltd. of Smithers, BC. Mr. David Pawliuk, P. Geo., the Company's VP - Exploration is the qualified person, as defined by National Instrument 43-101, for the Capoose project and supervised the preparation of the technical information in this release.
SILVER QUEST RESOURCES LTD.
Randy Turner, President
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Bruce the Stock Guy
14 years ago
Silver Quest Resources Ltd.: Davidson Property 2010 Exploration Program Announced
Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") wishes to report that Richfield Ventures Corp. ("Richfield") has announced plans to undertake an aggressive follow-up exploration program during 2010 on the Company's Davidson Property, located approximately 110 kilometres southwest of Vanderhoof, British Columbia. The Davidson Property is under option to Richfield and forms part of Richfield's "Blackwater Project".
The following highlights are from the announcement made by Richfield on February 9, 2010.
Following the completion of Richfield's 2009 exploration program on the "Blackwater Project", Richfield is planning an aggressive, two stage follow-up drill program consisting of approximately 50 diamond drill holes totaling 25,000 metres, the majority of which are planned to be on Silver Quest's Davidson Property. The program is scheduled to begin in April 2010 with the mobilization of two drills. Plans for Stage One include some 20 diamond drill holes totaling 10,000 metres designed to extend the known limits of mineralization. Plans for Stage Two, the resource drilling stage, include an estimated 30 diamond drill holes each approximately 300 - 500 metres in depth. The objective of the Stage Two drilling is to increase the drill hole density on the property, which is needed to calculate a 43-101 compliant resource. Richfield also plans to complete initial metallurgical testing during the 2010 program.
Shareholders are encouraged to monitor Richfield's news releases (TSX VENTURE:RVC) for program details and updates.
SILVER QUEST RESOURCES LTD.
Randy Turner, President
SOURCE: Silver Quest Resources Ltd.
http://www.silverquest.ca/s/Image.asp?i=maps/BC_Location_Map.gif
kiwisteve
14 years ago
GOOD VOLUME OF LATE ON NEWS - Mon Nov 30, 2009
Silver Quest Intersects Gold and Silver on Capoose Project, BC
Silver Quest Resources Ltd. (SQI-TSX.V) (the "Company") is pleased to report assay results for diamond drill holes D-09-107, D-09-108, D-09-109 and D-09-110, completed during the 2009 fall drill program on the Capoose-Silver Trend ("Capoose") Project, located 185 km southwest of Prince George, British Columbia. For further details and property maps, including a drill hole location map, please visit the Company's website www.silverquest.ca.
http://www.silverquest.ca/s/NewsReleases.asp?ReportID=374343&_Type=News-Releases&_Title=Silver-Quest-Intersects-Gold-and-Silver-on-Capoose-Project-BC
Drill hole D-09-107 intersected significant high-grade silver mineralization, including 6 m grading 103 grams per tonne (g/t) silver and 1.14 g/t gold. This hole extends known mineralization to the northwest of Zone 2. D-09-108 intersected only weak mineralization throughout the entire drill hole and was collared 100 metres north of D-09-107. Drill holes D-09-109 and D-09-110 were inclined holes drilled from the same collar location within Zone 2. Assay results from drill hole D-09-109 extend gold and silver mineralization to the west. Assay results from drill hole D-09-110 indicate mineralization from surface to the end of the hole, and significantly extend the mineralized zone at depth and to the east. Assay values, reported below, confirm that Zone 2 mineralization is open in all directions and at depth. The Company plans to expand the known limits of mineralization with an extensive drill program during 2010.
Significant assay intercepts include:
Drill Hole From (m) To (m) Width (m) Gold (g/t) Silver (g/t)
D-09-107 3 100 97 0.27 16.8
including 73 88 15 0.81 63.7
including 82 88 6 1.14 103.0
D-09-108 3 97 94 Not Significant 3.6
D-09-109 4 75 71 0.61 3.1
including 38 56 18 1.09 4.8
D-09-110 3 151 148 1.35 5.6
including 100 124 24 2.15 8.0
and 145 151 6 2.18 14.0
Note: Widths may not represent true widths
Assay results from the eight remaining drill holes on the property will be released when they become available to the Company.
Soil sample analyses were performed by Eco Tech Laboratory in Kamloops, BC, which is an International Standard ISO 9001:2000-certified laboratory. The samples were analyzed using a 28-element ICPMS package with a 30-gram fire assay with AA finish for over limit (plus one gram per tonne) gold and (plus 30 grams per tonne) silver concentrations. The Company has implemented a quality assurance and control program to ensure that sampling and analysis of all samples is conducted in accordance with the best possible practices. Diamond drilling was carried out by Driftwood Drilling of Smithers, BC.
David Pawliuk, P. Geo. is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release.
SILVER QUEST RESOURCES LTD.
"Randy Turner"
Randy Turner, President
For further information please contact Investor Relations at 604-687-3959 or info@silverquest.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.
P.O. Box 11584, Suite 1410 - 650 West Georgia Street, Vancouver, British Columbia V6B 4N8
Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: info@silverquest.ca
Bruce the Stock Guy
14 years ago
NEWS>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Thu Oct 29, 2009
Silver Quest's Partners Intersect Gold and Silver on the Davidson Property, BC
Vancouver, BC - Silver Quest Resources Ltd. (SQI-TSX.V) (the "Company") is pleased to provide an update on Richfield Ventures Corp's., ("Richfield") drill program currently being conducted on the Davidson Property, located approximately 110 kilometres southwest of Vanderhoof, BC. Richfield has the right to earn 75% of the Davidson (see news release dated March 24, 2009) and the Davidson Property forms part of Richfield's "Blackwater Project". Please see the company's website www.silverquest.ca for a property location map and a detailed project description.
Richfield has completed fifteen diamond drill holes totaling 2,488 metres. Thirteen of these drill holes are collared on the Davidson property, including five holes previously reported on by Silver Quest (see news release October 1, 2009).
Selected highlights from the latest eight drill holes collared on the Davidson property are below. For further details on these and other drill results please see Richfield's news releases dated October 16, 2009 and October 28, 2009.
Hole BW 49, intersected 25 metres of 0.5 g/t gold and 6.9 g/t silver including 2 metres of 2.36 g/t gold and 41.90 g/t silver
Hole BW 50, intersected 6 metres of 0.28 g/t gold and 4.80 g/t silver
Hole BW 51, intersected 47.14 metres of 0.31 g/t gold and 4.2 g/t silver, including 6.14 metres of 0.85 g/t gold and 8.0 g/t silver
Hole BW 52, intersected 57.9 metres of 0.2 g/t gold and 2.3 g/t silver
Hole BW 53, intersected 5 metres of 0.91 g/t gold and 0.40 g/t silver
Hole BW 54, intersected 11 metres of 0.64 g/t gold and 2.1 g/t silver
Hole BW 55, intersected 65 metres of 1.02 g/t gold and 3.6 g/t silver including 7 metres of 4.0 g/t gold and 8.7 g/t silver and 1 metre of 19.8 g/t gold and 28.9 g/t silver
Hole BW 56, intersected 6.57 metres of 0.04 g/t gold and 10.1 g/t silver
*Note: The top of hole BW 53, to an approximate depth of 82 metres is located on the Davidson Property
Richfield anticipates results for three further drill holes (BW 57 - BW59), including two on the Davidson property, in early November. Silver Quest will update shareholders as results are released to us.
Randy Turner, P.Geo., has reviewed the content of this release.
SILVER QUEST RESOURCES LTD.
"Randy Turner"
Randy Turner, President
For further information please contact Investor Relations at 604-687-3959 or info@silverquest.ca
kiwisteve
15 years ago
Drill Program Commences on the Capoose-Silver Trend Project - Mon Sep 21, 2009
Silver Quest Resources Ltd. (the "Company") is pleased to report that a diamond drill program has commenced on the Capoose-Silver Trend project, located approximately 185 kilometres by road, west-southwest of Prince George, British Columbia (see www.silverquest.ca for property details and locations).
The Capoose-Silver Trend property, comprises 15 claims on 6,634 hectares, and covers three zones of disseminated silver and gold mineralization and a 4.5 kilometre long geochemical anomaly. Historical resources on Zones 1 and 2 (previously reported by Pan American Silver Corp. dated April 17, 2000 on SEDAR) are stated to be 32.66 million ounces of silver and 308,500 ounces of gold (consisting of 28.22 million tonnes averaging 36.0 grams per tonne (g/t) silver and 0.34 g/t gold).
This historical resource estimate completed by Pan American Silver Corp. was not compiled within the definitions and standards outlined in National Instrument 43-101. As the Company has not completed a updated resource estimation, it cautions that the historical resource estimate cannot be relied upon.
The proposed drill program will be a minimum of 10 holes (1,500 metres) and is designed to test multiple targets as well as to test the southern extensions of both Zone 1 and Zone 2. Results from twelve intersections in ten holes from last year's (2008) drill program returned a weighted average of 49.7 metres grading 40.0 g/t silver and 0.53 g/t gold. This represents an 11.0% higher grade for silver and a 55.4% higher grade for gold, than the average historical resource grade.
The program will also further test for expansion of the mineralization intersected in hole D-91 (2008) which returned 240.0 metres averaging 45.4 g/t silver and 0.76 g/t gold. Included in this intercept were two upper zones of higher grade silver mineralization, including an 18.0 metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and; a 34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other targets include the eastern down-dip projection of hole D-89 which returned 10.4 metres averaging 80.40 g/t silver and 1.89 g/t gold from a depth of 19.0 metres.
David Pawliuk, P.Geo., is the onsite qualified person for the current drill program, and Robert Weicker, P.Geo., is the qualified person, as defined by National Instrument 43-101, for the Capoose-Silver Trend project and supervised the preparation of the technical information in this release.
SILVER QUEST RESOURCES LTD.
"Randy Turner"
Randy Turner, Chairman
For further information please contact Investor Relations at 604-687-3959 or info@silverquest.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.
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